Betfair Review

The fact that Betfair is a recipient of a prestigious award is reason enough to believe that the company is indeed highly reliable. It might take time to learn and get used to their system, but it is definitely worth the effort. They also have a great selection of games and they provide the fastest cashout time, which is definitely a great thing.

Betfair was first launched in the UK in the year 2000. It is an online gambling site company that has gained so much popularity in 2003 and has even received awards and recognitions, one of which is the Queen’s Awards for Enterprise.

Right now, Betfair is one of the world’s biggest Internet betting exchangesand they provide services to more than four million customers worldwide and employ almost 2,000 people. The company is listed on the London Stock Exchange and is currently based in West London. They are licensed and registered in Tasmania and in Gibraltar.

Payment Options, Deposit and Withdrawal Methods

Betfair is known to have the best payment, deposit and withdrawal options of all the sports betting companies all over the world. The minimum deposit amount can be made directly to the customer’s account and at a minimum of 15 Euros. Deposits can be also made in other currencies, depending on the deposit option used by the customer. The maximum deposit would vary from 150 to 5,000 Euros, although they have an option to request for the deposit limit to be raised by simply contacting their customer service support team.

As mentioned, your account could be credited with your bonus within only 24 hours. Indeed, Betfair has the fastest payout times which would be at a minimum of 24 hours. The maximum payout that a player can receive will be determined by the level of the market activity done for each event in the gambling site. The betting limit will also depend on how much is available to match in the marketplace. For those who are making multiple bets, the maximum stake is often at $10,000.

Betting Coverage, Odds Quality, Live Betting and Advantages

Betfair provides a wide coverage of events, as well as an extensive range of sports, including football and horse racing, which is understandable due to its UK roots. Aside from that, Betfair also offers financial bets, politics, as well as novelty bets.

Betfair claims that players will get 20% better odds with the services that they provided as compared to other standard bookmakers online. Although in a head to head betting such claim is not always true, but Betfair offers are by far, the best tournament winner and the correct score odd.

Betfair also provides live in-play betting, as well as Poker, and a zero house edge Casino including numerous exchange games. Their biggest advantage lies in the tournament betting where the tournament winner odds are usually far superior to those offered by the standard bookmakers. The back/lay system of Betfair also enables players to lock in profits if in case odds will move in your favor.

Customer Support

The customer support team of Betfair has a fast response time. Their website also features an FAQ section which guides players in making a bet. It is also very useful for beginners in the world of betting as it also details a lot of information about sports betting. Their support team can be reached via email, phone and live chat.

Pros

Betfair is a recipient of a prestigious award, the 2008 Queen’s Award for Enterprise.

They feature up to 15 million bets matched each day.

They are extremely liquid.

They require low minimum deposit of 15 Euros as well as a low bet requirement of £2, allowing newcomers to learn how the exchange works.

Cons

They would charge a 5% commission which is the highest of all online betting exchanges.

It could take time to learn Betfair since their betting exchange concept is a bit complicated.

Reliability

The fact that Betfair is a recipient of a prestigious award is reason enough to believe that the company is indeed highly reliable. It might take time to learn and get used to their system, but it is definitely worth the effort. They also have a great selection of games and they provide the fastest cashout time, which is definitely a great thing.